Alamo CA Short Sale Statistics Nov 2012 | Alamo Real Estate Update

Alamo CA Short Sale Statistics Nov 2012 | Alamo Real Estate Update

Your Alamo CA short sale specialists at East Bay Short Sale Group have some new housing figures for November of 2012. As we see everywhere in East Bay, there’s certainly a lot less listings and homes for sale in Alamo that we’ve seen in previous years. The number of new listings in November 2012 was actually 12 new listings. The previous year in November 2011, there were 18 new listings. So, that’s down about 33%. We’ve certainly seen the number of new listings decrease over time.

The number of closed sales increased. There were more closed sales in November 2012 than there were in November 2011. That increase is about 43% in closed sales year-over-year. The big thing that we’re looking at is number of inventory of homes for sale in Alamo. In November 2012, there were only 35 homes for sale. The previous November, there were actually 89, so that’s a decrease of about 60% in the inventory levels for single family residences in Alamo. If you live in the Alamo area you probably know there are not a lot of townhomes or condos so we don’t have a lot of stats on that. We do know is that there was one new listing in November of 2011 for condo/town homes, and there were none in November of 2012. These figures represent not only Alamo CA short sale properties but also equity sales and bank owned properties.

So, again, as we’re seeing in all of the areas of the East Bay, not a lot of inventory, certainly more buyers on the market pushing prices up a little bit, and in a lot of higher end markets, maybe even pushing up the average price point. So if you have any questions on Alamo CA short sale homes or Alamo CA real estate in general, feel free to contact us! If you would like to sell your Alamo CA short sale home or buy a Alamo CA short sale home you can also visit our YouTube Channel for more info!

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